Eagle Materials Inc (NYSE:EXP) EVP Robert S. Stewart sold 6,534 shares of Eagle Materials stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $101.27, for a total transaction of $661,698.18. Following the transaction, the executive vice president now directly owns 66,037 shares in the company, valued at $6,687,566.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Eagle Materials Inc (EXP) opened at 101.86 on Friday. The company has a market cap of $4.94 billion, a PE ratio of 23.68 and a beta of 1.18. The stock has a 50 day moving average of $93.93 and a 200 day moving average of $95.69. Eagle Materials Inc has a one year low of $73.27 and a one year high of $110.64.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Thursday, July 27th. The construction company reported $1.17 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.17. Eagle Materials had a return on equity of 18.29% and a net margin of 16.23%. The company had revenue of $366.10 million for the quarter, compared to analyst estimates of $369.68 million. During the same quarter in the prior year, the firm posted $0.93 EPS. Eagle Materials’s quarterly revenue was up 23.1% compared to the same quarter last year. On average, analysts anticipate that Eagle Materials Inc will post $5.38 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Investors of record on Friday, October 6th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.40 annualized dividend and a yield of 0.39%. Eagle Materials’s payout ratio is presently 9.30%.

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A number of large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can raised its holdings in Eagle Materials by 0.3% during the 2nd quarter. Bank of Montreal Can now owns 6,304 shares of the construction company’s stock valued at $583,000 after buying an additional 17 shares during the period. RPG Investment Advisory LLC raised its holdings in Eagle Materials by 0.3% during the 1st quarter. RPG Investment Advisory LLC now owns 7,308 shares of the construction company’s stock valued at $709,000 after buying an additional 21 shares during the period. Greenwood Capital Associates LLC raised its holdings in Eagle Materials by 1.0% during the 2nd quarter. Greenwood Capital Associates LLC now owns 2,456 shares of the construction company’s stock valued at $227,000 after buying an additional 25 shares during the period. Northwestern Mutual Investment Management Company LLC raised its holdings in Eagle Materials by 0.4% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 8,343 shares of the construction company’s stock valued at $810,000 after buying an additional 33 shares during the period. Finally, Teacher Retirement System of Texas raised its holdings in Eagle Materials by 1.6% during the 1st quarter. Teacher Retirement System of Texas now owns 3,803 shares of the construction company’s stock valued at $369,000 after buying an additional 61 shares during the period. Institutional investors own 91.08% of the company’s stock.

Several research analysts have commented on EXP shares. Zacks Investment Research raised shares of Eagle Materials from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a research note on Wednesday, May 24th. Stephens raised shares of Eagle Materials from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 30th. Citigroup Inc. raised shares of Eagle Materials from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $115.00 to $110.00 in a research note on Monday, July 31st. BidaskClub raised shares of Eagle Materials from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Standpoint Research raised shares of Eagle Materials from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $107.00.

Eagle Materials Company Profile

Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.

Insider Buying and Selling by Quarter for Eagle Materials (NYSE:EXP)

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